M3 Releases 2022 Benchmark Report for Public Sector Employers
M3 Insurance has released our 2022 Benchmark Report for Public Sector Employers. This publication focuses on the health insurance costs and plan designs of public sector employers.
The report leverages data collected from M3 educational and governmental entity clients to provide you with a snapshot of the market for the past year. This type of data can help the employers to better understand their unique challenges in structuring a health plan and provide them with the opportunity to compare their plans offerings to those of their peers.
According to data from the past year, the public sector experienced a 3.5 percent rate of change in health premiums. This rate of change is slightly lower than the rate noted for the public sector (4.0 percent), and historical norms as reported in the 2021 M3 Trend Report.
To discuss specific report findings in relation to your health insurance costs, contact your M3 Account Executive.
M3 is a top insurance broker and risk management firm in America. We’re leaders in the products we represent and the industries we serve. M3’s people are an extension of your team, providing world-class resources to help you manage risk, purchase insurance, and provide employee benefits. And our focus on community builds better places to live and work.